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Eight hundred dollars is due at the end of 4 years and $700 at the end of 8 years. If money is worth j 12
Eight hundred dollars is due at the end of 4 years and $700 at the end of 8 years. If money is worth j12= 3%, determine an equivalent single amount at a) the end of 2 years; b) the end of 6 years; c) the end of 10 years. Show your answers are equivalent.
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